In a significant move aimed at boosting Pakistan’s export potential, Servis LongMarch Tyres has pledged an additional investment of Rs30 billion. This investment is slated to double the company’s capacity and propel its exports to a targeted $100 million by the year 2025.
During a meeting with Prime Minister Shehbaz Sharif, Servis Tyres’ Chairman Jin Yongsheng and CEO Omar Saeed expressed their gratitude for the government’s unwavering support to the tyre industry.
Furthermore, Servis LongMarch Tyres has outlined plans to utilize a portion of the investment for launching a new project focused on exporting specialized tyres to the European Union and the United States.
Prime Minister Shehbaz assured continuous support from all relevant departments and directed the concerned ministries to facilitate export-driven growth initiatives across the country.
The high-level meeting was attended by Finance Minister Muhammad Aurangzeb, Commerce Minister Jam Kamal Khan, Minister for Privatisation and Investment Abdul Aleem Khan, and Information Minister Attaullah Tarar. Additionally, Secretary to the Prime Minister Asad Rehman Gilani, Commerce Secretary (Retd) Captain Muhammad Khurram Agha, and Board of Investment Secretary Muhammad Sohail Rajput were also present to deliberate on strategies to further enhance Pakistan’s export potential.
